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mi i ?iiTrr UNJtOHCOUNTY SHORT COURSE To be Held at Court House July 26-28 PROGRAM FOR GIRLS (Time Schedule) 6:30?Rising bell. 7:15?-Breakfast. 8:30 to 12:30?Classes. 12:30? Dinner. 2:00 to 5:30?Classes. Wednesday, July 26 8:30?[Time of arrival. 8:30 to 11:00?Register, collect supplies, make down cots, weigh and measure. 11:00?Chapel. 12:00?Picnic lunch. Rest. 1:30?Biscuit contest?Miss Lola M. Snider. 2:30?Cleaning and dyeing rugs? Miss Blanche Tarrant and Mrs. J. E. M inter. 4:00?Angel food cake?-Miss Snider. ? ? ~ r o:uu?supper. 8:00?Patty. \ 9:30?A journey to slumber land. 9:45?Lights oat. /Shursday, JulyJ27 8 8:30?Sewinf (Tea Napkins) Miss Hooper and Miss Bertha Herman. * Personal Hygiene?Miss Blanche c Tarrant. ^ 11:30?Chapel. * 12:30?Lunch. ^ 2:30?Sewing (gingham hats)? * Misses Herman and Hooper. 3:00?Jelly and jam?Mrs. Dora Dee Walker. * 5:00?Picnic at Brown's Creek. 8:30?Community singing and story I1 telling?Misses Agnes Robertson and Bertha Herman. ' 9:30?Go to rooms. * 9:45?Lights out. * Friday, July 28 P 8:30?Sewing (giugham hats con- ^ tinued)?Misses Herman and Hooper. v 9:30?Culling?Miss Juanita Neely. v 10:30 ? Health education ? Misa Herman. 11:00?Recreation ? Miss Robert- 8 son. ^ 11:30?Chapel. d 12:30?Lunch. 1 2:30?Judging jelly and Jam. b 3:30?Poultry picture at the Riaito. w 5:30?A journey homeward. a PROGRAM FOR WOMEN c Wednesday, July 26 11 11:00?Chapel. " 12:00?Picnic lunch. ^ 2:00?Home-made dress form? Misses Herman and Hooper, assisted by Mesdames Edwards and Holcombe. * 4:00?Angel food cake?Miss SnldCr' b Thursday, July 27 ^ 10:00? Canning chicken aad btef 8 ?Mrs. Walker. H . . 11:30? Chapel. 0 12:30?f Lunch. , . I, 3:00?Jelly and jam?M?s. Walker. 5:00?Plcoic at Brown's Creek. j Friday, July 28 M 9:20?Culling?Miss Neely. j 11:30?Chapel. t] 2:30?Judging jam and jelly. 3:30?Poultry picture at the Riaito. a s PROGRAM FOR BOYS f( Wednesday, July 26 .n 11:00?Chapel. d 12:00?Picnic lunch. rt 4:00?Judging good cows (Mr. Car- s< nell's Farm). Ll 6:00?Supper. e 8:00?Party. ti 9:80?Visit to slumber land. l< Thursday, July 27 a 8:30?Visit to Mr. Wilson's poultry tt yard. d 10:00?Personal Hygiene ? Dr. 9 Jeter. g .11^00?Talk e? P. B. Live Stoek. 11:30?Chapel. ii . 1?!M Lunch. ? a 2:3??Sanitation?Dr. Jeter. ' tp 3:30?-Visit1 to printing office VUnion t; limes). h 5:00?Picnic at Brown's Creek. n ^ 8:30?Story telling and community n singing. h 9:30?Go to bed. a Friday, July 28 o 8:30?Police grounds. " 9:30?Culling demonstration?Miss b Neeley. n 10:30?Health Education?Mr. W. h .D. Wood and Dr. Jeter. P 11:00?Summer Care of Poultry? Miss Neeley. e 11:30?Chapel. s 12:30?Lunch. ti 2:30?Breaking up camp. is 3:30?Poultry picture at Rialto. F Please bring program to Short s Course without fail. s Widow of Leader * Of Rebellion Dead t y Tokio, July 23.?Madame Itako f Saigo, widow of the great Saigo Ta- s kamori, leader of the rebellion of 1877, the .most formidable of the * many erlsae of the Meiji era, died in Tokio Juno in at. the of 80 vears. After the suit Me ef her husband which occurred on the failure of the n rebellion, the widow who was born c in a Samurai family of Kagoshima, t deyoted herself to the education of J her two kons. One excelled as a sol- o ^ dier and'had a marquisate bestowed ii upon himr a title now held by his son, C whila .Utp second limajiro Saigo a ad|f>ted a business career and is now a director of the Nippon Yusen Kai- e <flha. a i e i a General business according to the j index figure of the Babson chart r Stands at 17 per cent below normal. This is the same as last week and { f is farortiMs eonHderltif the -serious c less suffered through the vstioua great labor strikes now in progress. ' Sweden's Business -Prospects Are Most Promising Stockholm, July 23.?"The period >f readjustment is in progress, and a tew business cycle has begun." The general economic and commercial :onditions of Sweden are thus sumnarized by the Swedish Foreign Ofice in its quarterly review just issued. Based on reports from the eading financial and industrial con:*rna of the country, although characterized by the mo9t conservative ippraisals of the general business dtuation, the review strikes on the thole a decidedly optimistic note. It points-.out that this year's budget, has been marked by reductions n all the groups of public expendi- 1 ures, that . direct taxation has been educed, and that further reductions >f railway freight and postal charges ire beiag made. Liquidation, the asost important rtiase 'of the deflation process, aptears to he largely over, according to he review, as gathered from the narked .rise in the price of indus .<?! ?I ? J i?-? a??m awao oiiu vmtj mhik wu naru ofght process of adjesting -wage evsis ttems to be Bearing its condition. The review calls attention to the ironounced stabilization of the exhange rate in the neighborhood of iar, while the purchasing price index arity between the United States and iweden shows a very marked return o normal conditions. Recent reports from Sweden's key ndustries confirm the forecast of >righter conditions. The iron and extile industries, which were hardest lit by the post-war depression, show ncreasing signs of revival. The imber industry reports export sales mounting to over 425,000 standards, /hich is many times the figure retorted for the first half of last year. Tie iron ore export report shows unisually heavy figures, while the /oodpulp industry is working at 70 o 80 percent of capacity. The mechanical industries are still uffering under the post-war reaciorv, the number of workers having ?creased to less than half of the 920 figures. But here, also, signs of etterment are visible. The last reekly Riksbank report shows a notble decrease in the quantity of paper urrency in circulation, thus indicatig an increased stabilization of the lonetary situation. Toting Argentine Genius Gets Harvard Scholarship Boston, July 22.?A parallel to the Lhodes scholarships is seen in the esablishment, through the Associaion of Harvard Cluhs, of scholarhips for the csmingy ear to send to larvard one boy from Argentina and ne from Mexico. The scholarships ave been made available through he generosity of a^smbers of the larvard Club of New York, and they rill .be awarded ?respectively by the larvard Club of Buenos Aires and tie Harvard Club of Mexico. The Harvard men at Buenos Aires Iready have selected their scholarhip 'holder. 1 One of the members ound recently in the country in the orthern part of Argentina, which is evoted partly to Jiugar plantations, wo young brothers of English decent named Beale, one of whom was 9 years old and the other 17. The Ider Beale had made a moving picare camera out of the crude maerial that he could pick up locally nd then had made .himself,a projecor. It is said that the pictures prouced were just as good as those hown in any cinema house in Arentina. The younger Beale had become iterestal in locomotives. He saw in n 'English engineering magazine a fcture of two Mogul locomotives of a ype ?ot used in Argentina. When e was 16 years old he started out to Mike the necessary machinery to lake the parts for these locomotives, le built a lathe and a small furnace nd machined the cylinders and the ther parts. Now he has two workig models of Mogul locomotives, uilt entirely from the pictures in the lagazines, each six feet long, and he as made them run under their own ower. The elder Beale boy is to be awardd one on the new Harvard scholarhips, and plans to enter Harvard his autumn. He will probably regiter in the Engineering School. The scholarship contributed to the iarvard Club of Mexico by the Asociation of Harvard Clubs is decribed by the secretary of that body s "only a small token of our appreiation and desire to reciprocate" tor he service done by the National Uniersity of Mexico in ararnging for ree summer Courses for American tudsnts and teachers. 'olitical Prisoners Set set Liberty Bucharest, July 23.?King Fertliland's recent amnesty decree, prolaimed on the occasion of his dAug tier's marriage to King Alexander of ugosclavia, embraces a wide variety t offenses and already has resulted n the liberation of 200 of the 248 'ommunitsts on trial for plots gainst against the government. The fololwing offenses are includd within the decree: Clandestine ind public propaganda against social ind political order; syping during eace time; mutiny, electors land lewspaper offenses; participation in strike s against the state, and cerain military crimes and misdemeanors. Advertise in The Times; get results. B?I? MB???? Senator Reed Talk* St. Louis, Mo., July 22.?United States Senator James A. Reed says he has never fought Former President Wilson. He has been telling his audiences this in his campaign for renomination at the August 1 primary election in this state. His opponent, Breckinridge Long, third assistant secretary of state in the Wilson administration, on the other hand, has been referring to the fact that Reed was read out of the party by the 1920 Democratic state convention because of his attitude towards the former President. Outside of telling his audiences not to allow "outsiders" to instruct them hew to vote, Senator Reed has but infrequently referred to the letters Mr. Wilson sent into Missouri urging Reed's defeat. In asserting he has not fought Wilson, Reed has emphasized that his actions in the senate were guided by what he believed the wishes of his constituents in Missouri. "My only boss is the people of this great state," the senator has been telling his audiences, then, with a grin, adding "and my wife." Mr. Long says he is content to let the forthcoming primary decide whether Reed was correct In his construction of the wishes of Missouri Democrats. Long has the support of the drys, while Reed has been fought vigorously by the prohibition element, and a certain contingent of women voters for his stand on the suffrage question. The Reed-Long fight has overshadowed every other contest. Robert I. Young of St. Joseph also is seeking the nomination, but he has not been conducting an active campaign. Six candidates are seeking the Republican senatorial nomination. They, with thumbnail sketches of their platforms, are: Jes3e W. Barrett, present attorney ( general of some sort of association of nations. Law enforcement explains his stand on prohibition. R. R. Brewster of Kansas City, an announced thorough-going party man. He has the support of the "old guard" party organization. David M. Proctor, also f Kansas City, is an admitted enemy of the party "bosses." William Sacks, millionaire oil man, and a score of years ago a $75 a mdhth postal clerk, is conducting his campaign on this platform: "Light wines and beer. Less talk and more business in congress. John C. McKinley of Unionville is of announced liberal tendencies, and has been conducting bis campaign by ' mail. Col. John M. Parker of Jefferson Barracks, soldier candidate, has announced himself as favorable to light wines and beer. Congressional candidates in each of 1 the 16 districts of the stata will be nominated All nt??cor>f except Representative Samuel A. Shelton, Republican, of the sixteenth , district, are seeking renomination. Shelton who is completing his first tern, said "one term is enough," adding that he believed the people wanted "less talk and more action in congress." Representatives H. F. Lawrence (Rep.) of the third district, charles L. Faust (Rep.) Fourth, William O. Atkeson (Rep.) Sixth, Sid C. Roach (Rep.) Eighth, Theodore W. Hukriede, (Rep.) * Ninth, Marion E. Rhodes (Rep.) Thirteenth, and Edward D. Hays, (Rep.) Fourteenth, are with opposition. The voters also will nominate candidates for circuit, appellate, and supreme court judgeships; state superintendent of schools, state senator and representative, and for county and local offices. What a Barrel of Whiskey Contains A barrel of headache, of heartache, nf utao A barrel of curses, a barrel of blood, A barrel of sorrow for a loving, weary wife. A barrel of care, a barrel of strife A barrel of unavailing regret, A barrel of cares, a barrel of death. A barrel of hunger, of poison of pain, A barrel of hopes all blasted and vain. A barrel of poverty, ruin and blight. A barrel tears that run in the night. A barrel of crimes, a barrel of groans, A barrel of orphans most pitiful moans. A barrel of serpents that hiss as they pass, ^ That glows from the liquor in the bead of the glass. A barrel of falsehoods, a barrel of cries ; That fall from the maniac's lips as he dies. "Bridget." Railroads of the United States re* ceive nearly four times as much freight from mining as they do from manufacturing. Springs & Co.'s Letter * New York, July 19, 1922. Stocks. Labor troubles?rail and coal?and the uncertainties attending the oil industry, have occupied the attention of the securities market to the exclusion of more important end genuinely constructive factors. The consecpience has been that prices have moved irregularly and the market has been without determinable day-to-day trend. Careful weighing of the situation, to our mind, discloses reasons 111 I New Pi B RIM SIZES B 28x3 H 30x3 B 30x3 1-2 B 31x4 | RIM SIZES B 30x31-2 fl 31x4 | 32x4 1-2 I With permsision H we will sell at 20 pei 8 5 Ply Michelin Fabric 3 ? 5 Ply Michelin Fabric e B 5 Ply Michelin Cord 30j 9 33x4 Michelin Cord cost 33x4 Michelin Fabric co I Michelin was the I years of tire building I jobbing proposition. I Manufacturing plan! I REP I HA1> for adhering to the bull position for the long?even moderate?swing, utilizing current easy spots for the ac quisition of those stocks that are in the^best position -to Seeeflt with the resumption of the broad forward movement. Every now and then, as this review has pointed out, there come times in an upward market when no one finds it possible to interpret conditions constructively. At such times it seems, also, the gods or fairies, who regulate the flow of events, perversely pick out a succession of disturbing or annoying happenings and slap them loudly, down on the counter where these wares are displayed?the public prints. This usually is ushered in by a break in stocks brought about by the collapse of an over-extended long position and the sequence of bearish advices continues all during the period of readjustment of the technical position. These may be only coincidences, but at any rate they occur time and again in what we term "bull markets." We are going through all this just now?indeed, we should be about over with it. We are likely to come down to business some morning very soon and And that the bad news fas all an exaggeration of minor events and-that all the time we have been overlooking some hitrhlv valuable Items lvintr all around us. Those shrewder traders and speculative-investors who are buying: stocks now will then find themselves long on the market at prices several points below the then prevailing figures. The crude oil situation causes today the greatest concern, next to the strike of railroad shopmen and the danger that it will spread to other departments of rail labor. But the men have ben out three weeks, their leaders are still jockeying for position, the labor board is standing pat on the justice of its award, the carriers are holding out, the important railroad labor unions are indifferent?and the trains are running. There doesn't seem to be much hope of the men winning, and the action of the rail stocks indicates the market has no fear of this result. Developments have been unfavorable as regards prospect for an immediate settlement, but that, doeil not mean there is to be a permanent deadlock. We suggest that the. rail issues offer opportunities on all recessions, particularly Atchison, Chesapeake & Ohio, New Yorw Central, Pennsylvania and the Pacifies in the dividend paying group, and Southern Railway, Pere Marquette and Baltimore & Ohio. The industrial relatives of the rails ?the equipments?appear to be in position from a technical market viewpoint for another substantive rise. Baldwin Locomotive, American Car & Foundry, Westinghouse Electric, Allis Chalmers and American Locomotive are suggested in this group as having the better opportunities for leading the ailvance. From a business point of view these competes also seem to have the beat reasons for an advance into higher territory. There is nothing NlRfe oil situation to justify the misapprehensions cur rices on EFFECTIVE ?, SOFT BEAD CI RING SHAPED TUBES $2.40 2.45 2.70 3.45 STRAIGHT RING SHAPED TUBES ?7n T- I v 2.90 3.45 3.70 3.85 4.00 4.75 4.90 5.10 5.25 5.40 5.70 5.85 6.00 6.30 9.40 of the Michelin factory, r cent off the above list. 0x3, $10.90 less 20 per cent, 50x3 1-2, $12.75 less 20 per ? :3 1-2, $14.20 less 20 per cen s only sts only i first manufacturer to < I experience?Is this no These are the only and &: Milltown, N. J., U. S Branches All ( MEMBER, FI /IES GR rent this past week or two. For som time the paradox has existed of t steady increase in production and sur plus with prices of crude and refine* unchanged. Only within the past fe\ days have price reductions takei place. Consumption is so steadily in creasing that the day is not far dis tant when it may reasonably be ex pected to again over-balanve produc tion. Crude supplies, it must be noted are in strong hands. The major oi organizations no longer take surplu refined products off the market. In stead, they now campaign for ih crude. The industry, as a result, 1 getting stronger daily, but the day o the small, inadequately financed or in efficiently managed producer is nearl over. Briefly, that is what has bee going on in the oil situation?si goini on now. It furnishes a sidelight o the stock market situation?is goin on now. It furnishes a sidelight o the stock market situation in the do mestic oils, and is an urge to purchas the standard and stronger independ ent oils, and to leave the weaker one al< ne. Mutters are coming to a hea* rapidly, though surface indications d iiot yet tell much to the outsider. It 1 a time to study the financial and phy sical structure and the personnel o the companies whose securities ar presented. The technical market po sition nede come in for secondary rc view, only if the first group of factor analyzes satisfactorily. With this in mind, the oils ths measure up to the standard of thos that may be taken on now in appat ent safety include - Texas Compam Cosden & Company, California Pt troleum and Standard of Indiana. Th Mexicans should be left severely alon except by those who are willing t assume the heavy risks involved i trading in such issues as Mexican Pt troleum. Steel operations have been curtaile by the railway strike and coal short age. Fuel supplies have been delaye by congestion of rail traffic. Pig iro can not be made without coke, no steel without pig iron. Specification against orders are piling up in ste< plant offices and the falling ofF in oj erations is not due to lack of materii for rolling and other schedules. Tt railroads are working with the stei makers as much as possible for th carriers are concerned with gettin steel out for car makers and othei who are manufacturing equipmei that will be needed for the expect* heavy traffic this fall. So. there nothing in the falling away of tl steel output to encourage anyone to p short of the steels. Quite the revers for the easy spots enable the purchas of the shares of those steel companit where orders have piled up. With tl resumption of normal rail conditioi and the better fuel supply, stock ma ket prices will move forward easi' into higher territory. Only the d lay of the Department of Justice i passing on the legulity of the pendir steel mergers is holding back the a tivity of large groups of profession traders who expect to see the steel i sues move forward with a leap as sot as they are taken in hand. i Michelii JUNE 26, 1922 LINCHER TYPE OVERSIZE REGl! CORDS COH $ $ ? 16.90 14 16 SIDE TYPE OVERSIZE REGU CORDS CO It * $ 16 20.50 20 30.80 33.35 25 34.35 26 35.50 27 42.60 30 43.60 44.75 46.00 47.00 53.75 55.50 56.40 59.40 86.00 from July 24th to and in Think what this means? , only cent, only t, only ever make a pneumatic t t worthsome thing to you original tires built by i. A.; London, Eng.; Paris, 1 Jver the World VE DAYS OPS 'OCERY ej Bethlehem B, Lackawanna, Republic a! and Midvale should respond easily to - a favorable interpretation by Washi ington on the plan for merging intcrv ests, and United States Steel common, n as well as these same four, should - move into much higher ground with - the settlement of the rail labor con_ troversy. None of the steels is likely - to react materially from current 1, prices and may be several poi its high1 er by the time these favoraL'e devel3 opments are noted. While the bearish mental attitude e! persists in trading circles (and it is s in trading, not investment quarters f that this reverse thinking Is < arret it ? i- please note) the forehanded are taky ing cognizance also of the excellent a showings made by many industi ials g with favorable business outlooks. ii Thorn is Rndientt .Tiihncnii fur in. g si nee, which we have been reeomn mending for six months. In the tirst i- half of this year it earned $f>.or e 11.1 per cent on the common stock - with a surplus of $1,081,G7<5 after s Products Refining', whicSjstancemo el il paying preferred and common divi) idends totalling $1,.129,50:$. Corn s Products Refining, which is usually a - July or August bargain because of f certain trade routine developments e that strike the public as new each i- year, American Linseed, International - Paper and Central Leather also are s acting well marketwise and appear in good industrial position, it There is no change in the outlook e for higher prices for cotton, but the - marked irregularity must be looked /, for until the si/, of the crop is known ?- with sonic definiteness. There is no e question now that we have been right v aii aiong in lorecasnng an actum o shortage before next year's crop is 11 ginned and baled. It is conceded now that this year's crop will be inadequate. The only question is: how d much will the crop be? On the day to day outlook for the final out-turn d depends the daily guage of a reasonn able price for the staple. The crop ir improves?or should, in the light of is reported weather conditions?for sev.*1 eral successive days and prices sell i- off. A few days of poor weather, u il bombardment of telegrams announcie ing further weevil depredations, am ei the price of cotton jumps up again ie But as the stocks on hand filter gradg ually into consumption we are likelj s to see the gradual establishment of it higher prices. The limits of the flue . 1 1.1 ?.l rr?L. vu<*vivno Diivuiu muauiiy auv?iiit'f, i m is approach of August should see a flooc of statistics on the 1921-1922 con:o sumption, the small carryover, tht e, |)oor crop outlook, and the heavy con 'e suming demand. To this accompani. js ment we expect to see a vising mar ie ket. The close of the cotton year anci is the opening of a new one sTiould comr bine to force long-range consideration ly of the market for a few days at least, e- On recessions at this time we suggest in the purchase of the October and Dcig cember options, believing they will c- yield sizable trading profits and still al greater returns over the longer pull ?- The boll weevil appt'ars to be preva >n lent to a much greater extent thar previously reported. Six-sevenths oi t i Tires J iak fabric tns CASINGS ::: *v?:? .20 12.75 .90 15.90 i'ar fabric fl>s casings .50 $ ! .95 13.80 .70 18~60 .50 19.00 j .55 19.90 ' .so ; ::: ::::: eluding August 1st, 1 and Michelin Tires. I $8.72 1 $10.20 $11.36 I $21.20 i $15.20 m ire. Twenty-seven i ? Michelin has no H Michelin factories. 1 France; Turin, Italy, fl w. IB ILY I CO. I the American crop area is reported infected. There will be several generations of him yet, but a fair estimate of his activities is possible. While we should be giving much attention to general domestic trade conditions?which are bullish and to the European situation?which is moderately encouraging?weather and crop news are occupying the stage and the market is a genuine "weather market.*' The condition will exist for some weeks yet, possibly until after the report on the July 25 condition has been digested. It is unlikely to show any great change from the June 25 ngures. Augusi is tnp month of great?st deterioration. The .Inly - "> report if no better than that of June 2*>, will not be bullish. A pain in condition during the month would be necessary to justify cotton prices merely holding steady. Considerable confusion Inn been engendered in traders' minds b\ tin report of Japanese and Liverpool -? !i. ing. American consumers <<f < :t .?i. it may be remarked in tins pe.-t have much to learn from Ixngl. . ai. J: pan To a great extent our A mm ic:.n mill interests are cot L.it ter the market on a hedging to protect future requirement L 'heir British atiu Japanese < i tor*- appear to have the cotter n . eovvn to a science. Sudden, selling by Japanese i'tert i Le quently means merely that th Nipponese interests have decided t- buy, and with the canniness of the genum* trader know how to buy to the be-', possible advantage, momentaiii. or. 1 verting a seller's market inn : b Iyer's market. Close observers believe that or breaks induced by heavy f >i 1 eign -elling of this character cotton may be purchased in anticipation of a quick recovery and the collecting ol !ntnr<?ct.ino' nmfitc The statistics are persistently bull, "sh but much consideration has been given io them in these reviews , and elsewhere that there is not much to be gained from analysis of them I at this juncture when they ar?> being ignored?or, if not ignored, they do ' not gain the hearing they should reI ceive. The rate at which cotton is going overseas and into domestic eonsumption, with the small carryover that will be reported for July 31? , August 1 bears out all forecasts that have been made and it is well to keep in mind that the list is bound to take cognizance again of the statistical position of the staple. Proper consideration can only h -ve ' a constructive effect on the price structure and should induct purchases of the full and winter months not only ' by the trade but by the speculative following that temporarily has withdrawn from the market but appears to ' be watching for the opportune time to reenter. We look for a broad market to develop before the end of the month nnd p*npft In o? atnmp ntfrontiuo r?. I turns accrue to traders who buy cotton on the easy spots this week and * next. t mm ? * 1 f An ad. in The Times gets results.